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California Jockey Files Suit,
Escalating a Proxy Battle

a Wall Street Journal Staff Reporter

Updated Aug. 15, 1996 12:27 a.m. ET

SAN MATEO, Calif. -- California Jockey Club said it filed a lawsuit against a dissident group of shareholders and against Bay Meadows Operating Co. as part of a proxy fight concerning a horse racetrack here.

The suit, filed in U.S. District Court in San Francisco, alleges that the defendants violated securities laws in connection with their efforts to replace California Jockey's directors at a shareholders meeting, set for Aug. 30....